What is the name of the rate currency traders quote in the interbank market to sell foreign currencies?
A) bid-ask spread
B) bid rate
C) cross rate
D) ask rate
Answer: D
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Research indicates that communication competence is most often understood as achieving a successful balance between ______ and ______.
A. politeness; impersonal communication B. effectiveness; appropriateness C. using slang; “buzz” words D. efficacy; understanding
Which of the following statements is CORRECT?
A. If their maturities and other characteristics were the same, a 5% coupon bond would have more interest rate price risk than a 10% coupon bond. B. A 10-year coupon bond would have more reinvestment rate risk than a 5-year coupon bond, but all 10-year coupon bonds have the same amount of reinvestment rate risk. C. A 10-year coupon bond would have more interest rate price risk than a 5-year coupon bond, but all 10-year coupon bonds have the same amount of interest rate price risk. D. If their maturities and other characteristics were the same, a 5% coupon bond would have less interest rate price risk than a 10% coupon bond. E. A zero coupon bond of any maturity will have more interest rate price risk than any coupon bond, even a perpetuity.
Inland waterways provide inexpensive access to interior markets and are significant in every continent except:
A. Africa. B. Asia. C. Australia. D. North America.
Bob signed a contract to donate to a charity every month. He included a clause that the contract would be terminated if the charity did not function properly. What restriction has Bob established in this contract?
A) commercial impracticability B) condition precedent C) condition subsequent D) novation